Story of the Day

RNG Advocates Spurned as DC Circuit Upholds EPA Biofuel Refinery Waivers
Daily GPI
RNG Advocates Spurned as DC Circuit Upholds EPA Biofuel Refinery Waivers

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November 18, 2019

Markets

EIAStorage1108

Weekly Natural Gas Spot Prices Mixed as Arctic Temps Pass Through

NGI Weekly Gas Price Index
With demand from a recent Arctic blast peaking and then fading, and with more seasonal conditions expected in the week ahead, natural gas spot price moves were mixed during the trading week ended Friday (Nov. 15); NGI’s Weekly Spot Gas National Avg. added 11.0 cents to $2.695/MMBtu.

Weather Data Presents ‘Mixed Risks’ as Natural Gas Futures Rally Ahead of Weekend

Daily GPI
Helped by recent model runs returning cold to the outlook, natural gas futures gained Friday as the market looked ahead to the weekend weather data for more clarity on the upcoming pattern. The December Nymex contract picked up 4.1 cents to settle at $2.688/MMBtu after trading as high as $2.724 and as low as $2.606. January settled at $2.750, up 3.1 cents.
eia_storage1108

Diverging Weather Models Keep Market on Edge as Natural Gas Futures Finish Higher

  • December Nymex futures up 4.7 cents to $2.647; January up 2.7 cents to $2.719
  • “I’d still probably lean a little bit more to the bearish side, just because we’ve not quite yet reached oversold levels,” says Powerhouse’s Thompson
  • European model “again wasn’t nearly as cold” as American for Nov. 22-28: NatGasWeather
  • Force majeure on Transwestern not impacting Permian flows for Thursday: Genscape

Better Agreement Among Weather Models Overnight as Natural Gas Futures Steady

Daily GPI
With divergent weather models moving toward a middle ground on the temperature outlook for later this month, natural gas futures were trading close to even early Friday. The December Nymex contract was trading 0.6 cents higher at $2.653/MMBtu shortly after 8:30 a.m. ET.
eia_storage1108

Natural Gas Futures Finish Higher as Traders Mull Differing Weather Models

Daily GPI
As the market digested divergent weather outlooks and a slight bearish miss from the latest government storage data, natural gas futures finished higher on Thursday but gave back some of the gains recorded late in the previous session. The December Nymex contract settled at $2.647/MMBtu, up 4.7 cents day/day but well off the $2.696 intraday high. January settled at $2.719, up 2.7 cents.
HenryHubFuturesNGI

Natural Gas Forwards Melt as Polar Blast Moves Out; Long-Term Outlook Bleak

Forward Look
With fingers and toes already starting to thaw from this week’s Arctic blast, and weather models unconvincing of sustained frigid air for the rest of November, natural gas bears regained control of the forwards market this week.

More in Markets...

E&P

usbaker1115

U.S. Down One Natural Gas Rig; Another Sharp Decline For Oil Patch

Daily GPI
The U.S. natural gas rig count fell one unit to 129 for the week ended Friday, while a larger decline in oil drilling drove a double-digit drop...
Monthly-Permian-Well-Completions-20191115

ProPetro Forecasting Fewer Fracking Fleets as Lower 48 Demand Weakens

Shale Daily
Pressure pumping expert ProPetro Holding Corp. deployed 25.1 fleets in the Lower 48 during the third quarter, but utilization in the final...
Monthly-North-Dakota-Natural-Gas-Flared-20191114

Mesa, Crusoe Expanding Flared-to-Computing Natural Gas Projects in North America

Shale Daily
Mesa Natural Gas Solutions and Crusoe Energy Systems on Wednesday agreed to add 50 megawatts of natural gas flaring-to-computing projects across North America within the next two years.
Annual-Change-in-Appalachia-NatGas-Production-20191114

Slowdown in 2020 NatGas Production Growth Expected as Appalachian E&Ps Slash Capex

Shale Daily
While oversupply continues to pressure the market, signs point to a slowdown in natural gas production growth in...

Texas Tops Investors Preference for North American Oil, Natural Gas Development

Daily GPI
Texas has risen to the top in an annual survey of oil and natural gas investment preferences by the Fraser Institute, the Canadian-based policy and economics research firm.

Canada Rig Count Forecast to Fall Sharply Next Year, Says Industry Group

Shale Daily
Canada’s oil and natural gas drilling fleet will shrink in 2020 by 9% to 497 rigs from the current total of 545, according to the Canadian Association of Oilwell Drilling Contractors (CAODC).

More in E&P...

© NGI's All News Access: ISSN 2577-9877

Infrastructure

Whistler Looking for Remaining Commitments for 2 Bcf/d Permian to South Texas System

Shale Daily
Whistler Pipeline LLC, which would move up to 2 Bcf/d from the Permian Basin to South Texas and beyond, on Friday launched a binding open season to secure commitments for the remaining capacity.

Weekly U.S. LNG Exports Increase, Deepening Global Supply Glut

U.S. liquefied natural gas (LNG) exports ticked upward over the last week, building on a strong month in October for the global market as colder weather set in.

Steel Reef Buys Crescent Point NatGas Midstream Holdings in Saskatchewan

Daily GPI
A private Calgary gas processing and transportation firm, Steel Reef Infrastructure Corp., has grown its natural gas network in Saskatchewan with a C$500 million ($375 million) purchase from Crescent Point Energy Corp., which includes assets with throughput capacity of more than 90 MMcf/d.
sdbaker1115

Permian, Marcellus Rigs Fall as U.S. Drilling Declines Continue Apace

Shale Daily
Even after months of retrenchment, the U.S. rig count showed no signs of slowing the pace of its descent during the week ended Friday, dropping 11 units to fall to 806, according to data from Baker Hughes Co.

Helmerich & Payne Sees E&P Rig Demand Stabilizing with Call for Super-Specs Still Strong

Shale Daily
Tulsa-based Helmerich & Payne Inc., one of the leading high-tech drillers in the world, expects to see more stable rig demand into 2020 and a continued call for top-of-the-line equipment, but orders could be impacted as customers focus on capital discipline, CEO John Lindsay said Friday.

MoGas Gauging Support for Missouri-Illinois Natural Gas Pipeline Expansion

Daily GPI
MoGas Pipeline LLC is holding a nonbinding open season through mid-December to test support in firm transportation capacity on its interstate natural gas pipeline in Missouri and Illinois.

More in Infrastructure...

Regulatory

eia_storage1108

COLUMN: Forming Local Index Is Crucial to Developing Mexico’s Natural Gas Market

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column as part of a regular series on understanding this process, written by Eduardo Prud’homme.
Renewable-Identification-Numbers-RINs-Retired-for-Annual-Compliance-20191113 (1).png

RNG Advocates Spurned as DC Circuit Upholds EPA Biofuel Refinery Waivers

Daily GPI
The U.S. Court of Appeals for the District of Columbia Circuit on Tuesday upheld the federal government's waivers for small refineries, which allows them to not include minimum renewables volumes in their transportation fuels to the chagrin of renewable natural gas stakeholders.

Murkowski Anticipates Swift Confirmation for DOE Nominee Dan Brouillette

Daily GPI
It was mostly smooth sailing for Dan Brouillette, current deputy secretary at the Department of Energy (DOE), during a hearing of the Senate Energy and Natural Resources Committee Thursday to discuss his nomination to become DOE Secretary when Rick Perry steps down later this year.

California Said Reining In More Idle Oil, Gas Wells

Shale Daily
New rules effective earlier this year are having a positive impact in reducing California's inventory of nearly 30,000 idled oil and natural gas wells, according to a report issued Wednesday to the state legislature.
SISTRANGASNaturalGasPipelineSystem

Interconnections, Capacity Clarity Said Needed in Mexico Natural Gas Market

Mexico’s natural gas market needs more clarity as to how its two main pipeline systems will interact, from both a physical and regulatory perspective, according to Talanza Energy Consulting’s Daniela Flores, head of midstream and downstream.

California to Investigate Preventive Power Blackouts; SoCal Edison Reaches $360M Settlement

Daily GPI
The California Public Utilities Commission (CPUC) on Wednesday launched a statewide investigation of how major utilities have used preventive power shutoffs to curb wildfires, noting that it intends to hold the power companies accountable for their actions during those increasingly controversial events.

More in Regulatory...

3D"Sign

NGI's Bidweek Alert Day 5 - October 31st for November 2019
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce -- --
Florida Gas Zone 1 -- --
NGPL S. TX -- --
Tennessee Zone 0 South -- --
Texas Eastern S. TX -- -0.1100 to -0.1000
Transco Zone 1 -- -0.0900 to -0.0850
East Texas
Carthage -- -0.2200 to -0.2200
Houston Ship Channel 2.520 to 2.520 -0.0950 to -0.0775
Katy -- --
NGPL TexOk -- -0.1900 to -0.1700
Tennessee Zone 0 North -- -0.1950 to -0.1950
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 0.570 to 1.900 --
El Paso - Keystone Pool 0.570 to 1.350 --
El Paso - Plains Pool 1.200 to 1.900 --
El Paso - Waha Pool 0.580 to 1.080 --
Transwestern 0.500 to 1.000 --
Transwestern - Central 0.500 to 0.500 --
Transwestern - W. TX 1.000 to 1.000 --
Waha 0.420 to 1.400 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.290 to 2.640 --
Chicago - Nicor Gas 2.290 to 2.555 --
Chicago - NIPSCO 2.320 to 2.640 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.0750 to -0.0450
Dawn 2.345 to 2.715 0.0200 to 0.1100
Defiance -- -0.1900 to -0.1700
Rover-ANR -- -0.1900 to -0.1700
Rover-Panhandle -- -0.1900 to -0.1900
Emerson -- 0.0800 to 0.1500
Joliet -- --
Lebanon -- -0.1700 to -0.1700
Michigan Consolidated -- -0.1300 to -0.1000
NGPL Amarillo Mainline -- --
Parkway/Union 2.375 to 2.760 --
REX Zone 3 Delivered -- -0.1700 to -0.1450
REX into ANR - Shelby -- -0.1700 to -0.1600
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- -0.1450 to -0.1450
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW -- -0.3600 to -0.3400
Enable East -- -0.3800 to -0.3200
NGPL Midcontinent 1.700 to 1.830 -0.6500 to -0.6000
Northern Border Ventura -- --
Northern Natural Demarc 2.330 to 2.665 0.0200 to 0.0200
Northern Natural Ventura 2.345 to 2.700 0.0350 to 0.0400
OGT 1.720 to 1.780 -0.9000 to -0.6100
Panhandle Eastern 1.780 to 2.055 -0.6450 to -0.4200
Southern Star 2.190 to 2.190 --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 2.580 to 2.580 -0.2350 to -0.2100
Trunkline Zone 1A -- -0.2250 to -0.2150
South Louisiana
ANR SE -- -0.0750 to -0.0750
Columbia Gulf Mainline -- -0.2650 to -0.2400
Columbia Gulf onshore -- -0.1100 to -0.1100
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.0575 to -0.0425
Tennessee Line 500 -- -0.0700 to -0.0500
Tennessee Line 800 -- -0.1300 to -0.1050
Texas Eastern E. LA -- -0.1300 to -0.1300
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0550 to -0.0475
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0300 to 0.0500
Texas Eastern M-1, 30 -- -0.1600 to -0.1600
Transco Zone 4 -- -0.0375 to -0.0250
Transco Zone 5 -- 0.0500 to 0.0775
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.0500 to 0.0775
Appalachia
Columbia Gas -- -0.4000 to -0.3525
Dominion North -- -0.6000 to -0.5400
Dominion South 2.020 to 2.020 -0.6300 to -0.5350
Leidy Hub -- --
Millennium East Pool -- -0.6000 to -0.5500
Tenn Zone 4 200L -- -0.2700 to -0.2300
Tennessee Zn 4 313 Pool -- -0.4800 to -0.4000
Tennessee Zn 4 Marcellus -- -0.6500 to -0.6050
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.7450 to -0.6500
Texas Eastern M-3, Delivery -- -0.0600 to 0.0400
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.5900 to -0.5500
Northeast
Algonquin Citygate -- 0.9000 to 1.5000
Algonquin Citygate (non-G) -- 0.9000 to 1.5000
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.3900 to 0.6400
Iroquois, Waddington -- 0.2000 to 0.2400
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.6500 to 1.3000
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- 0.6500 to 1.3000
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.2600 to -0.0700
Transco Zone 6 non-NY North -- -0.2600 to -0.0700
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.0800 to 0.0000
Rocky Mountains
Cheyenne Hub 1.860 to 2.200 --
CIG 1.900 to 2.170 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso San Juan 1.950 to 2.200 --
Kern River 2.250 to 2.355 --
Kingsgate -- --
Northwest Rockies 2.450 to 2.450 --
Northwest S. of Green River -- --
Northwest Sumas 3.000 to 3.540 --
Northwest Wyoming Pool 2.450 to 2.450 --
Opal 2.250 to 2.510 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.150 to 2.150 --
White River Hub 2.030 to 2.200 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.700 to 2.900 --
California
Malin 2.240 to 2.500 --
PG&E Citygate 3.060 to 3.300 --
SoCal Citygate 3.200 to 3.390 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.120 to 2.820 --
SoCal Border Avg. 2.120 to 2.820 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg -- --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer 2.720 to 2.820 --
SoCal Border - Needles 2.120 to 2.120 --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge -- --
Canada
Alliance (APC) - ATP -- --
Empress 2.560 to 2.985 --
NOVA/AECO C 2.300 to 2.630 --
Westcoast Station 2 1.250 to 1.500 --
NOTE: Both the buy and the sell side of transactions are counted in this table, as they are in NGI’s daily, weekly and bidweek natural gas price tables, a standard practice which supports consistency and uniformity across products as explained in our price methodology.